Under an agreement reached on October 2 2018, Rethmann has acquired the 30% stake in Transdev previously held by Veolia Group. Rethmann is also merging its German public transport activities, which operate under the Rhenus Veniro banner, into Transdev via a 4% reserved capital increase. After completion of the capital increase, Rethman will hold 34% of Transdev’s capital.
Caisse de Dépôts retains exclusive control of Transdev, with more than two-thirds of voting rights and 66% of Transdev’s capital.
Transdev says the new shareholder structure will enable the company to accelerate its development in France and internationally, with Rethmann and Caisse de Dépôts sharing “the same values as long-term shareholders with a commitment to the dynamism of the regions.”
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